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2018 (5) TMI 1315 - ITAT AGRA
N.P. determination - estimation of income - estimated rate to be applied on entire sale or differential sale amount as detected - suppressed sales - assessee were a liquor contractor dealing in country liquor, Indian made foreign liquor (IMFL) and Beer - Held that:- AO is directed to apply N.P. rate of 2.7% on the estimated sales after deducting interest and salary to partners subject to the minimum return income.